2018 Missouri Department of Transportation Financial Snapshot

Missouri Department of Transportation

Financial Snapshot

An appendix to the Citizen’s Guide to Transportation Funding in Missouri

November 2018

Financial

Snapshot

About the Financial Snapshot

The Financial Snapshot provides answers to frequently asked
questions regarding MoDOT’s finances. The document also serves
as an appendix to the Citizen’s Guide to Transportation Funding in
Missouri.

www.modot.org/financial-statements

If you have any questions concerning this report, please contact
MoDOT’s Financial Services Division at (573) 526-8106.

MoDOT’s Mission

Our mission is to provide a world-class transportation system that
is safe, innovative, reliable and dedicated to a prosperous Missouri.

Financial Snapshot - November 2018

Table of Contents

Transportation Funding

Revenue for Roads and Bridges, Multimodal, Highway Safety - Table 3

MoDOT Revenue for Roads and Bridges, Multimodal, Highway Safety - Table 4

MoDOT Expenditures for Roads and Bridges, Multimodal, Highway Safety - Table 5

Summary of State and Federal Funds 6

Federal Aid Apportionments based on Fixing America’s Surface Transportation (FAST) Act 7

Ratio of Federal Highway Trust Fund Payments Into Fund vs. Apportionments and

Allocations Out of Fund 9

Summary of State Road Bond Financing Program 10

Highway User Fees to Focal Governments by Fiscal Year 1 1

Transportation Facts

Summary of MoDOT’s External and Internal Expenditures 12

Summary of MoDOT’s Expenditures by County 13

Summary of Actual and Projected Construction Awards and Contractor Payments 14

Missouri’s State and Federal Fuel Tax Rates and Fuel Tax History 15

Missouri Vehicle Registrations and Ficensed Drivers Fiscal Year 2018 16

Net Motor Fuel Gallons Taxed 17

Distribution of Highway User Fees Fiscal Year 2018 18

Potential Transportation Revenue Options - Motor Fuel Tax 19

Potential Transportation Revenue Options - Sales Tax 20

Potential Transportation Revenue Options - Motor Vehicle and Driver Ficensing Fees and
Alternative Fuel Decal Fees 2 1

Potential Transportation Revenue Options - $100 million, $250 million and $500 million 22

Potential Transportation Revenue Options - $100 million and $250 million 23

Road and Bridge Funding Flowchart 24

Financial Snapshot - November 2018

2

Transportation Funding

Revenue for Roads and Bridges, Multimodal, Highway Safety
Fiscal Year 2018
(Dollars in thousands)

Cities &

Missouri User Fees and Other Revenue (60.7%)

State

Counties

Total

%

Motor Vehicle Fuel Tax

$517,832

$188,001

$705,833

44.6

Aviation Fuel Tax

259

0

259

0.0

Motor Vehicle Sales Tax

367,111

59,290

426,401

27.0

Jet Fuel Sales Tax

6,839

0

6,839

0.4

Motor Vehicle and Driver’s Licensing Fees

296,825

29,577

326,402

20.6

Multimodal and Highway Safety Fees

2,602

0

2,602

0.2

Interest and Miscellaneous

113,708

0

113,708

7.2

Total Revenue

$1,305,176

$276,868

$1,582,044

100.0

Federal Revenue (38.8%)

State

Cities &
Counties

Total

%

Federal Reimbursement

$879,472

$115,788

$995,260

98.5

Federal Grants

15,517

0

15,517

1.5

Total Revenue

$894,989

$115,788

$1,010,777

100.0

Missouri General Revenue (0.5%)

State

Cities &
Counties

Total

%

State General Revenue Fund

$11,808

$0

$11,808

100.0

Total Revenue

$11,808

$0

$11,808

100.0

Financial Snapshot - November 2018

3

Transportation Funding

MoDOT Revenue for Roads and Bridges, Multimodal, Highway
Safety

(Dollars in thousands)

MoDOT’s funding comes from both state and federal sources. Most of the money is dedicated by
federal law or the state constitution and statutes to specific purposes. Included below are the funds
available for roads and bridges and other transportation modes.

Revenue (Road and Bridge)

2014

2015

2016

2017

2018

Fuel Tax1

$488,800

$494,649

$511,786

$510,950

$517,832

Vehicle/Driver’s Licensing Fees1

271,142

279,455

289,009

285,635

296,825

Motor Vehicle Sales Tax1

304,365

323,105

337,965

356,552

362,237

Interest and Miscellaneous2

123,339

102,388

116,466

75,465

110,312

Federal Reimbursement3’4’5

831,066

760,239

827,843

844,194

935,017

Total Revenue

$2,018,712 $1,959,836

$2,083,069

$2,072,796 $2,222,223

Revenue (Multimodal)

2014

2015

2016

2017

2018

Aviation Fuel1

$244

$247

$251

$255

$259

Fees1

2,067

2,353

1,758

2,171

2,327

Sales Taxes1

10,003

10,092

8,894

8,699

11,713

State General Revenue Fund6

13,502

13,938

17,943

19,486

11,808

Interest and Miscellaneous2

1,572

2,745

2,707

2,000

3,380

Federal Reimbursement3 4 4

65,226

56,686

64,167

61,739

60,243

Total Revenue8

$92,614

$86,061

$95,720

$94,350

$89,730

Revenue (Highway Safety)

2014

2015

2016

2017

2018

Fees7

$359

$328

$314

$305

$275

Interest and Miscellaneous2

20

4

8

7

16

Federal Grants3

32,404

36,351

18,908

18,745

15,517

Total Revenue9

$32,783

$36,683

$19,230

$19,057

$15,808

Notes:

1 User fees.

2 Includes interest earned on invested funds, sale of surplus property and excess right of way and construction
cost reimbursements from local and other state governments.

3 User fees and transfers from the General Fund and Leaking Underground Storage Tank (L.U.S.T.) Fund.

4 Includes reimbursement for American Recovery and Reinvestment Act (ARRA) projects.

5 Includes federal funds that flow through MoDOT to local governments and agencies.

6 Appropriated by the Missouri General Assembly.

7 Includes motorcycle instruction permit fees and fees collected by the courts from violators of state laws or
municipal or county ordinances.

8 Includes the following funds: Multimodal Operations -Federal, State Transportation, Aviation Trust, State
Transportation Assistance Revolving, Grade Crossing Safety Account, Railroad Expense, Light Rail Safety and
General Revenue.

’includes the following funds: Highway Safety Federal, Motor Carrier Safety Assistance Program-Federal and
the Motorcycle Safety Trust Fund.

Source: MoDOT.

Financial Snapshot - November 2018

4

Transportation Funding

MoDOT Expenditures for Roads and Bridges, Multimodal, Highway
Safety

(Dollars in thousands)

MoDOT’s largest expenditure category is the construction program. The construction program
expenditures include contractor payments, engineering, reimbursement to local entities for acceleration
of projects, right of way payments, and federal pass-through to local public agencies. Other State
Agencies represents appropriations to the Missouri State Highway Patrol and the Department of
Revenue.

Expenditures (Road and Bridge)

2014

2015

2016

2017

2018

Construction Program1

$907,269

$912,784

$818,994

$810,814

$944,266

Construction Operating Costs2

127,002

130,552

126,880

129,147

128,336

Maintenance2

443,939

435,085

430,236

449,262

462,987

Fleet, Facilities & Info. Systems2

70,095

67,118

78,854

74,924

78,990

Debt Service3

292,930

288,009

280,237

412,523

289,617

Administration2

48,405

50,718

51,564

50,732

52,101

Other State Agencies4

233,307

250,109

250,272

261,491

261,228

Total Expenditures

$2,122,947

$2,134,375

$2,037,037

$2,188,893

$2,217,525

Expenditures (Multimodal)

2014

2015

2016

2017

2018

Operating Costs2

$2,341

$2,610

$2,625

$2,707

$3,016

Transit

29,379

36,509

34,644

30,425

34,560

Rail

23,430

16,485

18,726

17,304

13,314

Aviation

30,153

27,558

35,275

38,718

37,094

Port -Waterway

3,279

3,307

6,220

4,464

2,149

STAR Fund Loan

0

0

1

301

814

Freight

850

650

850

1,000

956

Total Expenditures

$89,432

$87,119

$98,341

$94,919

$91,903

Expenditures (Highway Safety)

2014

2015

2016

2017

2018

Operating Costs2

$514

$497

$522

$521

$529

Safety Programs

15,541

14,980

18,465

18,532

15,466

Total Expenditures

$16,055

$15,477

$18,987

$19,053

$15,995

Notes:

1 Includes contractor payments to construct and design roads and bridges, payments to purchase right of way and
federal funds that flow through MoDOT to local governments.

2 Includes personal services and fringe benefits of MoDOT employees and expense & equipment costs.

3 Includes the principal and interest payments for funds borrowed by the Missouri Highways and Transportation
Commission (MHTC). In 2017, $1 17.8 million of bonds were paid-off early, saving future interest cost of $29.4
million.

4 Includes appropriated expenditures of the Missouri State Highway Patrol and Missouri Department of Revenue.
2018 includes $3.7 million for the bicentennial license plate reissuance.

Source: MoDOT.

Financial Snapshot - November 2018

5

Transportation Funding

Summary of State and Federal Funds

_ Fund _ Source of Funds _

State Road Fund Federal Highway Administration reimbursements; licenses, permits,

and fees for motor vehicles and drivers; state sales tax on motor
vehicles; cost reimbursements; and other miscellaneous fees [Section
226.220 RSMo.]

State Road Bond Fund State sales tax on motor vehicles [Section 226.210 RSMo.]

State Highways and Motor fuel tax and licenses, permits and fees for motor vehicles and

Transportation Department drivers [Section 226.200 RSMo.]

Fund

Aviation Trust Fund

State Transportation Fund

Grade Crossing Safety
Account

Railroad Expense Fund

State Transportation
Assistance Revolving
(STAR) Fund

Motorcycle Safety Trust
Fund

Multimodal Operations
Federal Fund

Motor Carrier Safety
Assistance Federal Fund

Highway Safety Federal
Fund

User fees of 9 cents per gallon on aviation gasoline and a portion of
the state sales tax collected on jet fuel [Section 155.090 RSMo.]

Two percent of one -half of the state sales tax on motor vehicles
[Section 226.225 RSMo.]

Owner of a motor vehicle pays a fee of twenty-five cents each year
when the person registers or renews the registration of a motor vehicle
[Section 389.612 RSMo.]

Assessments collected from the railroads [Section 622.015 RSMo.]

This fund accounts for loans to any political subdivision of the state or
to any public or private not-for-profit organization for the planning,
acquisition, development and construction of facilities for air, water,
rail or public transportation, the purchase of vehicles for transportation
of elderly and disabled persons, or the purchase of rolling stock for
transit purposes. Loan repayments are deposited into this fund and are
used to make additional loans under the revolving loan program.
[Section 226.191 RSMo.]

Motorcycle instruction permit fees and a $ 1 surcharge from all
criminal cases including violations of any municipal or county
ordinance or any violation of criminal or traffic laws of the state.
[Section 302.137 RSMo. & Section 302.140 RSMo.]

Federal grant monies associated with Multimodal programs

Federal grant monies associated with the Motor Carrier Safety
Assistance Program

Federal grant monies associated with Highway Safety programs

Financial Snapshot - November 2018

6

Transportation Funding

Federal Aid Apportionments based on Fixing America’s Surface
Transportation (FAST) Act
(Dollars in millions)

Federal funds are generated by the federal fuel tax - 18.4 cents per gallon for gasoline and 24.4 cents
per gallon for diesel. Federal fuel taxes are deposited into the Highway Trust Fund, and apportioned
back to states via federal authorization bills. The amount Missouri is apportioned is reduced by the
congressionally imposed obligation limitation, which places a ceiling on the amount we can commit to
projects. Historically, approximately 99 percent of apportionments are available to obligate. Federal
funds are received on a reimbursement basis. MoDOT and local public agencies spend state and local
funds to build projects and request reimbursement from the Federal Highway Administration.
Apportionments shown below include the amounts that by law are distributed to local public agencies.

2010 2011 2012 2013 2014 2015 2016 2017 2018

Federal Fiscal Year

The following chart lists the amounts apportioned to Missouri in each category under MAP-2 1 and
FAST Acts. The FAST Act was signed into law by the President on December 4, 2015 and provides
funding for surface transportation programs for federal fiscal years 2016, 2017, 2018, 2019 and 2020
The total apportionments under the FAST Act are significantly more than under the previous federal
funding act, MAP-21. However, Section 1438 of the FAST Act rescinds $7.6 billion of unobligated
balances on July 1, 2020. Missouri’s estimated share is $200 million.

Financial Snapshot - November 2018

7

Apportionment Category

2014

2015

2016

2017

2018

National Highway Performance (NHPP)

$539.0

$539.2

$549.6

$558.3

$570.1

Surface Transportation (STP)

251.0

251.6

257.2

260.1

270.1

Highway Safety Improvement (HSIP)

54.1

54.1

51.9

55.8

57.0

National Highway Freight (NHFP)

0.0

0.0

27.1

25.7

28.1

Congestion Mitigation & Air Quality (CMAQ)

22.6

22.6

23.0

23.3

23.9

Statewide Planning & Research (SPR)

18.5

18.1

19.4

19.7

19.7

Transportation Alternatives (TAP)

17.9

17.9

18.3

18.3

18.6

Rail/Highway Crossings

5.5

5.5

8.6

5.7

5.8

Metropolitan Planning (MP)

4.9

4.9

5.2

5.2

5.4

Recreational Trails

1.7

1.6

1.6

1.7

1.6

Total

$915.2

$915.5

$961.9

$973.8 $1,000.3

Obligation Limitation

$903.6

$907.0

$970.1

$959.0

$990.9

Apportionments are subject to Obligation Limitation. Obligation Limitation is a restriction, or
“ceiling” on the amount of federal assistance that may be committed during a specified time period.
Historically, Missouri’s obligation limitation has averaged 99 percent. So, as an example, with 2018
apportionments of $1,000.3 million, we would be able to commit and spend about $990.9 million on
projects.

The apportionment categories under the FAST Act are as follows:

• National Highway Performance is the construction, reconstruction, resurfacing, restoration
and rehabilitation of highways and bridges on National Highway System (NHS) routes which
are routes designated by Congress as roadways important to the nation’s economy, defense and
mobility.

• Surface Transportation is the construction, reconstruction, rehabilitation, resurfacing,
restoration and operational improvements of highways and bridges.

• Highway Safety Improvement is for highway safety improvements to eliminate roadway
hazards.

• National Highway Freight includes improvements to the National Highway Freight Network
(NHFN) that increase the efficiency of freight movement.

• Congestion Mitigation & Air Quality includes traffic management, monitoring and
congestion relief strategies to assist areas designated as non-attainment under the Clean Air
Act Amendments of 1990.

• Statewide Planning & Research includes transportation planning activities to develop the
statewide transportation improvement program. It also includes studies, research and training
on engineering standards and construction materials.

• Transportation Alternatives is for the construction of on-road and off-road facilities for
pedestrians, bicyclists and other non-motorized forms of transportation and infrastructure-
related projects that provide safe routes for non-drivers, including children, older adults and
individuals with disabilities to access daily needs.

• Rail/Highway Crossings is for highway safety improvements to mitigate hazards caused by
rail-highway grade crossings.

• Metropolitan Planning is for transportation planning activities to develop metropolitan area
transportation plans and transportation improvement programs.

• Recreational Trails is for the development, construction, maintenance and rehabilitation of
trails and trail facilities.

Source: Prepared by MoDOT based on amounts received under MAP-21 and FAST Acts.

Financial Snapshot - November 2018

8

Transportation Funding

Ratio of Federal Highway Trust Fund Payments Into Fund vs.
Apportionments and Allocations Out of Fund
(Dollars in thousands)

The chart below shows Missouri has received more funding from the Highway Trust Fund
than was contributed in highway taxes into the Fund. For example, in fiscal year 2016,
Missouri received $1.14 for every dollar contributed into the Highway Trust Fund.

Ratio of Federal Highway Trust Fund Payments Into the Fund vs. Apportionments and

Allocations Out of the Fund1

Surrounding States

2008

2009

2010

2011

2012

2013

2014

2015

2016

Arkansas

1.42

1.58

1.52

1.42

1.21

1.29

1.23

1.15

1.23

Illinois

1.29

1.36

1.36

1.30

1.09

1.23

1.15

1.11

1.14

Iowa

1.22

1.37

1.34

1.21

1.06

1.08

1.09

1.00

1.06

Kansas

1.28

1.31

1.37

1.17

1.02

1.10

1.03

0.98

1.03

Kentucky

1.26

1.41

1.38

1.24

1.07

1.35

1.12

1.06

1.12

Missouri

1.31

1.39

1.45

1.34

1.17

1.23

1.17

1.10

1.14

Nebraska

1.31

1.36

1.42

1.23

1.03

1.13

1.03

0.96

1.01

Oklahoma

1.37

1.41

1.42

1.28

1.08

1.15

1.07

1.00

1.10

Tennessee

1.23

1.29

1.35

1.26

1.02

1.14

1.06

1.00

1.03

Notes:

1 Payments into the Fund include only the net highway user tax receipts and fines and penalties
deposited in the Highway Account of the Federal Highway Trust Fund. Payments do not include
transfers from the General Fund and Leaking Underground Storage Tank (L.U.S.T.) Fund totaling
$1 14.8 billion from 2008 to 2016. Apportionments and allocations out of the fund includes all
funds apportioned or allocated from the Highway Trust Fund except where FHWA does not directly
allocate the funds to the states, e.g. portions of Indian Reservation Roads and safety programs.

Source: Federal Highway Statistics Series 2016.

Financial Snapshot - November 2018

9

Transportation Funding

Summary of State Road Bond Financing Program
(Dollars in millions)

Bond financing allowed MoDOT to provide much needed infrastructure improvements to the traveling
public sooner than traditional funding allowed. Building projects sooner results in cost savings by
reducing project inflation costs, while advancing economic development, improving safety and
addressing congestion. The Missouri General Assembly authorized MoDOT to borrow $2.25 billion in
2000. MoDOT borrowed $907 million from fiscal years 2001-2004, referred to as senior lien debt.

Voters approved Amendment 3 in 2004 authorizing MoDOT to borrow funds by depositing vehicle
sales taxes previously deposited in the state’s General Revenue Fund into a newly created State Road
Bond Fund. The Amendment 3 revenues are designated for the payment of debt principal and
interest. MoDOT borrowed $1.98 billion from fiscal years 2006-2010.

In fiscal year 2009, MoDOT borrowed $143 million for a portion of the new Interstate 64, a
design-build project in the St. Louis region. This debt is referred to as Grant Anticipation Revenue
Vehicle (GARVEE) bonds. In fiscal year 2010, MoDOT borrowed an additional $100 million for
the new Mississippi River Bridge project and $685 million for the Safe and Sound Bridge
Improvement Program.

The borrowed funds, shown below, do not include refunding bonds.

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State Fiscal Year

| _ Borrowed Funds _ Annual Payments _ |

Note:

The MHTC has $1.8 billion of bonds outstanding as of June 30, 2018. The average interest rate (true interest
cost) on all outstanding debt combined is 2.86 percent.

Source: MoDOT.

Financial Snapshot - November 2018

10

Transportation Funding

Highway User Fees to Local Governments by Fiscal Year
(Dollars in thousands)

The state does not receive all of the revenue generated by state highway user taxes and fees. The
state constitution. Article IV, directs the Department of Revenue to distribute portions of the state
motor fuel tax, motor vehicle sales and use taxes, and motor vehicle and driver licensing fees to
cities and counties. The charts below show a six year history of transportation revenue sharing with
local entities.

Cities

Motor Fuel
Revenue

Vehicle Sales
Tax

Motor Vehicle
Fees

Total

2013

99,433

25,112

16,961

141,506

2014

100,077

28,340

16,059

144,476

2015

103,909

31,433

16,932

152,274

2016

104,130

33,285

17,343

154,758

2017

105,590

34,519

17,047

157,156

2018

105,364

35,574

17,746

158,684

Counties

Motor Fuel

Vehicle Sales

Motor Vehicle

Revenue

Tax

Fees

Total

2013

77,980

16,741

11,307

106,028

2014

78,484

18,893

10,706

108,083

2015

81,487

20,956

11,288

113,731

2016

81,663

22,190

11,562

115,415

2017

82,815

23,012

11,365

117,192

2018

82,637

23,716

11,831

118,184

Total

Motor Fuel

Vehicle Sales

Motor Vehicle

Revenue

Tax

Fees

Total

2013

177,413

41,853

28,268

247,534

2014

178,561

47,233

26,765

252,559

2015

185,396

52,389

28,220

266,005

2016

185,793

55,475

28,905

270,173

2017

188,405

57,531

28,412

274,348

2018

188,001

59,290

29,577

276,868

Source: Prepared by MoDOT based on Missouri Department of Revenue data.

Financial Snapshot - November 2018

11

Transportation Facts

Summary of MoDOT’s External and Internal Expenditures
(Dollars in thousands)

The majority of MoDOT’s expenditures are payments to vendors. The payments are for goods and
services needed to build and maintain Missouri’s transportation infrastructure. Whether it is
payments to contractors, the purchase of equipment and supplies, design services or travel costs,
these outward focused expenditures are an investment in Missouri’s economy, and drive economic
opportunity in the state. Internally focused expenditures include employee salaries and benefits, and
program distributions to other state agencies and universities.

Expenditures (External)

2014

2015

2016

2017

2018

Construction Projects

$761,481

$763,552

$671,228

$644,073

$798,122

Debt Service and Leases

299,741

289,111

287,584

413,177

289,971

Program Distributions1

215,605

232,524

244,743

249,804

214,618

Supplies

140,039

131,543

126,699

134,841

143,258

Services

88,818

75,730

60,871

80,423

92,959

Equipment

39,605

34,361

49,037

46,847

47,904

Miscellaneous

36,148

38,624

40,816

36,594

38,516

Fuel and Utilities

9,248

9,106

8,761

8,797

9,376

Refunds

1,629

2,862

3,653

2,625

3,803

Professional Development

1,387

1,495

3,780

1,944

1,575

Travel2

1,504

1,383

1,397

1,569

1,474

Total Expenditures

$1,595,205

$1,580,291

$1,498,569

$1,620,694

$1,641,576

80%

80%

79%

79%

80%

Expenditures (Internal)

2014

2015

2016

2017

2018

Salaries and Benefits

$392,393

$400,454

$398,886

$413,212

$416,405

Program Distributions3

7,057

5,699

6,180

7,011

5,768

Travel4

472

418

458

457

446

Total Expenditures

$399,922

$406,571

$405,524

$420,680

$422,619

19%

20%

20%

21%

20%

Other State Agencies

$233,307

$250,109

$250,272

$261,491

$261,228

Total

$2,228,434

$2,236,971

$2,154,365

$2,302,865

$2,325,423

Notes:

1 Payments or federal funds passed through to cities, counties and other political subdivsions.

2 Payments to vendors.

3 Payments or federal funds passed through to other state agencies and universities.

4 Employee reimbursements.

Source: MoDOT

Financial Snapshot - November 2018

12

Transportation Facts

Summary of MoDOT’s Expenditures1 by County
Fiscal Year 2018
(Dollars in thousands)

Andrew

$8,365

Atchison

7,140

Buchanan

30,462

Caldwell

2,759

Carroll

2,938

Chariton

2,353

Clinton

3,448

Daviess

5,289

DeKalb

8,557

Gentry

5,660

Grundy

2,276

Harrison

5,622

Holt

12,512

Linn

4,671

Livingston

3,130

Mercer

6,530

Nodaway

6,901

Putnam

4,572

Sullivan

5,902

Worth

3,071

Subtotal-Northwest2

$132,158

Adair

6,708

Audrain

5,340

Clark

3,612

Knox

4,184

Lewis

7,315

Lincoln

12,852

Macon

8,702

Marion

25,367

Monroe

2,134

Montgomery

7,123

Pike

47,190

Ralls

7,917

Randolph

3,892

Schuyler

1,733

Scotland

2,167

Shelby

3,135

Warren

11,984

Subtotal-Northeast2

$161,355

Cass

19,247

Clay

43,454

Jackson

137,476

Johnson

17,203

Lafayette

16,629

Pettis

10,034

Platte

33,605

Ray

4,293

Saline

11,944

Subtotal-Kansas City2

$293,885

Boone

$22,895

Callaway

16,087

Camden

17,941

Cole

41,509

Cooper

9,112

Crawford

7,902

Dent

7,268

Gasconade

9,488

Howard

3,116

Laclede

10,973

Maries

3,447

Miller

8,345

Moniteau

1,597

Morgan

5,512

Osage

6,083

Phelps

14,763

Pulaski

5,610

Washington

7,717

Subtotal-Central2

$199,365

Franklin

63,454

Jefferson

34,018

St. Charles

54,105

St. Louis City

68,147

St. Louis County

167,758

Subtotal-St. Louis2

$387,482

Barry

3,635

Barton

2,325

Bates

4,262

Benton

5,200

Cedar

4,099

Christian

8,313

Dade

2,930

Dallas

1,605

Greene

71,759

Henry

8,050

Hickory

2,705

Jasper

21,526

Lawrence

11,590

McDonald

7,255

Newton

6,999

Polk

5,461

St. Clair

2,554

Stone

3,714

Taney

23,450

Vernon

5,911

Webster

11,771

Subtotal-Southwest2

$215,114

Bollinger

$6,596

Butler

7,922

Cape Girardeau

9,844

Carter

2,903

Douglas

3,942

Dunklin

7,850

Howell

10,921

Iron

5,865

Madison

5,092

Mississippi

4,180

New Madrid

6,028

Oregon

5,180

Ozark

9,579

Pemiscot

6,670

Perry

3,760

Reynolds

3,172

Ripley

3,068

Scott

33,938

Shannon

6,605

St. Francois

4,532

St. Genevieve

4,124

Stoddard

9,019

Texas

14,376

Wayne

9,131

Wright

6,810

Subtotal-Southeast2

$191,107

Statewide Support2,3

162,910

Other2,4

31,202

Debt Service

289,617

Other State Agencies

261,228

Total

$2,325,423

Notes:

1 Expenditures for road and bridge
($2,217,525), multimodal ($91,903)
and highway safety ($15,995) as
shown on page 5.

2 Includes multimodal ($91,903) and
federal pass through for cities and
counties ($1 15,788), which are not
included in the amounts spent by
district as shown on page 24 of the
Citizen’s Guide to Transportation
Funding in Missouri.

3 Expenditures for bridge design,
safety inspection, administrative
services, etc.

4 Expenditures associated with
multiple counties or not identifiable to
a specific county.

Source: MoDOT

Financial Snapshot - November 2018

13

Transportation Facts

Summary of Actual and Projected Construction Awards and
Contractor Payments
(Dollars in millions)

The graph below displays the relationship between construction awards and contractor payments.
Prior to fiscal year (FY) 2011, MoDOT averaged annual construction awards of $1.2 billion. Most
projects are not completed in the year awarded, but are built and paid for in subsequent years. For
example, approximately $270 million of projected FY 2019 contractor payments is for projects
awarded in FY 2019. The remainder is for projects awarded in prior years. Awards declined
dramatically in FY 2011, but contractor payments remained high as the prior year projects were
completed. The FY 2013 contractor payments declined because awards in FY 2011 and FY 2012
reduced significantly. Contruction awards and contractor payments equal in future years due to
construction awards remaining steady at $900 million from 2019-2023. The information is based on
the latest financial forecast that was used to develop the 2019-2023 Statewide Transportation
Improvement Program (STIP).

Also, shown below are the negative impacts starting in 2021, if additional Federal Highway Trust
Fund receipts are not approved by Congress.

Fiscal Year

^^•Construction Awards ‘^•^Contractor Payments

Source: MoDOT

Financial Snapshot - November 2018

14

Transportation Facts

Missouri’s State and Federal Fuel Tax Rates and Fuel Tax History

The largest source of transportation revenue is from the federal government through a fuel tax. The
largest source of state transportation revenue is the fuel tax. The state motor fuel tax is not indexed to
keep pace with inflation. No rate increases have occurred on the state or federal level since the
1990’s.

Cents per gallon

■ State Federal

Note:

1 The gasoline taxes are also levied on gasohol.

State Fuel Tax History:

• The first state fuel tax rate was 2 cents per gallon, established in 1924.

• Fuel tax rate increased to 3 cents per gallon in 1952.

• Fuel tax rate increased to 5 cents per gallon in 1961.

• Fuel tax rate increased to 7 cents per gallon August 13, 1972.

• Fuel tax rate increased to 11 cents per gallon effective June 1, 1987 (Proposition A).

• Fuel tax rate increased to 13 cents per gallon effective April 1, 1992.

• Fuel tax rate increased to 15 cents per gallon effective April 1, 1994.

• Fuel tax rate increased to its current rate of 17 cents per gallon effective April 1, 1996.

Federal Fuel Tax History:

• The first federal fuel tax rate was 1 cent per gallon for both gasoline and diesel, established in 1932.

• Fuel tax rate increased to 3 cents per gallon for both gasoline and diesel in 1956.

• Fuel tax rate increased to 4 cents per gallon for both gasoline and diesel in 1959.

• Fuel tax rate increased to 9 cents per gallon for both gasoline and diesel in 1983.

• Fuel tax rate increased to 15 cents per gallon for diesel in 1984.

• Fuel tax rate increased to 9.1 cents per gallon for gasoline and 15.1 cents per gallon for diesel in 1987.

• Fuel tax rate increased to 14.1 cents per gallon for gasoline and 20.1 cents per gallon for diesel in 1990.

• Fuel tax rate increased to its current rate of 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel in

1993, with fluctuations in the rate of the tax in 1995, 1996 and 1997 with the current rate effective October 1, 1997.

Source: Prepared by MoDOT based on Missouri Department of Revenue and Federal Highway Administration data.

Financial Snapshot - November 2018

15

Transportation Facts

Missouri Vehicle Registrations and Licensed Drivers
Fiscal Year 2018

Vehicle Type

Number

Passenger Cars

3,784.366

Trucks

1,505,083

Recreational Vehicles

17,268

Buses

22,564

Motorcycles/Tricycles

156,277

Total

5,485,558

Number of licensed drivers in Missouri

Male

2,066,910

Female

2,182,669

Total

4,249,579

Source: Prepared by MoDOT based on Missouri Department of Revenue and Federal
Highway Administration data.

Financial Snapshot - November 2018

Transportation Facts

Net Motor Fuel Gallons Taxed
(Gallons in millions)

Percent

Fiscal Year

Gasoline

Diesel

Total

change

1991

2,633

592

3,225

-0.324

1992

2,679

604

3,283

1.781

1993

2,686

613

3,299

0.500

19942

2,766

697

3,463

4.953

1995

2,796

709

3,505

1.248

1996

2,837

772

3,609

2.968

1997

2,887

782

3,669

1.631

1998

2,931

802

3,733

1.775

19993

2,926

835

3,761

0.741

2000

3,056

916

3,972

5.582

2001

2,975

860

3,835

-3.441

2002

3,025

914

3,939

2.708

2003

3,083

923

4,006

1.702

2004

3,148

977

4,125

2.993

2005

3,158

1,025

4,183

1.395

2006

3,124

1,032

4,156

-0.635

2007

3,109

1,033

4,142

-0.347

2008

3,119

1,064

4,183

0.982

2009

3,068

934

4,002

-4.316

2010

3,086

946

4,032

0.750

2011

3,066

967

4,033

0.019

2012

3,025

951

3,976

-1.413

2013

2,973

946

3,919

-1.431

2014

2,969

957

3,926

0.171

2015

3,030

979

4,009

2.120

2016

3,101

1,006

4,107

2.457

2017

3,115

1,014

4,129

0.536

2018

3,106

1,040

4,146

0.412

Notes:

1 Gasoline gallons include gasohol, compressed natural gas and liquefied natural gas.

2 Beginning January 1, 1994. the Federal government moved the collection point to the terminal. All
tax exempt diesel has to be dyed.

3 Beginning January 1, 1999. the State moved the collection point to the rack (terminal). Fiscal year
2000 was the first full year of collections at the terminal.

Source: Prepared by MoDOT based on Missouri Department of Revenue month of distribution data.

Financial Snapshot - November 2018

17

Transportation Facts

The following data shows the proportionate share between MoDOT, cities and counties of the
three main revenue sources: motor fuel tax, motor vehicle sales tax and the motor vehicle and
driver’s licensing fees. The Missouri State Highway Patrol (MSHP) and the Department of
Revenue (DOR) receive appropriations from these revenues as well.

Distribution of Highway User Fees Fiscal Year 2018

Fuel Taxes Rates:

State:

Gas / Gasohol

Percent

Diesel

Percent

State -Roads & Bridges, MSHP, DOR

12.450

73.2%

12.450

73.2%

Cities1

2.550

15.0%

2.550

15.0%

Counties2

2.000

11.8%

2.000

11.8%

Total State

17.000

17.000

Federal:

Underground Storage Tank

0.100

0.6%

0.100

0.4%

Transit Account

2.860

15.5%

2.860

11.7%

Highway Account

15.440

83.9%

21.440

87.9%

Total Federal

18.400

24.400

TOTAL FUEL TAX RATE

35.400

41.400

State Motor Vehicle Sales Taxes:

Sales

Percent

State -Roads & Bridges

2.960%

70.1%

State-Other Transportation Modes

0.040%

0.9%

Cities1

0.300%

7.1%

Counties2

0.200%

4.7%

School District Trust Fund

0.500%

11.8%

Department of Conservation

0.125%

3.0%

Department of Natural Resources

0.100%

2.4%

TOTAL STATE TAX RATE

4.225%

Fees prior to

Fee Increases

State Motor Vehicle & Drivers Licensing Fees:

1/1/80

after 1/1/80

State -Roads & Bridges, MSHP, DOR

100%

75%

Cities1

-

15%

Counties2

-

10%

Notes:

1 City share is based on population.

2 County share is based on assessed rural land valuation and rural road mileage.

Source: MoDOT.

Financial Snapshot - November 2018

18

Transportation Facts

Potential Transportation Revenue Options-Motor Fuel Tax

Yield from Increasing Gas Excise Tax 1

5-Cents

10-Cents

15-Cents

State (70%)

City (15%)

County (15%)

$108,505,531

23,251,185

23,251,185

$217,011,063

46,502,370

46,502,370

$325,516,592

69,753,556

69,753,556

Total

$155,007,901

$310,015,803

$465,023,704

Yield From Increasing Diesel Fuel Excise Tax 1

5-Cents

10-Cents

15-Cents

State (70%)

City (15%)

County (15%)

$36,402,952

7,800,633

7,800,633

$72,805,905

15,601,265

15,601,265

$109,208,857

23,401,898

23,401,898

Total

$52,004,218

$104,008,435

$156,012,653

Yield From Increasing All Motor Fuel Excise Tax 1

5-Cents

10-Cents

15-Cents

State (70%)

$144,908,483

$289,816,968

$434,725,449

City (15%)

31,051,818

62,103,635

93,155,454

County (15%)

31,051,818

62,103,635

93,155,454

Total

$207,012,119

$414,024,238

$621,036,357

Yield From Implementing Sales Tax On Motor Fuel 2

1.0%

3.0%

5.0%

State (70%)

City (15%)

County (15%)

$68,143,705

14,602,223

14,602,223

$204,431,116

43,806,668

43,806,668

$340,718,527

73,011,113

73,011,113

Total

$97,348,151

$292,044,452

$486,740,753

Yield From Implementing Consumer Price Index Adjustment On Motor Fuel 13

Year-1

Year-2

Year-3

State (70%)

City (15%)

County (15%)

$10,433,411

2,235,731

2,235,731

$20,866,822

4,471,462

4,471,462

$31,590,049

6,769,296

6,769,296

Total

$14,904,873

$29,809,746

$45,128,641

Notes:

1 Potential yields are based on fiscal year 2018 net diesel gallons taxed of 1,040,084,353
and net gasoline and gasohol gallons taxed of 3,100,158,026.

2 Potential yields are based on the gasoline price per gallon of $2.65 and the diesel price
per gallon of $2.93 as reported in the August 10, 2018 Missouri Energy Bulletin. Yields
exclude federal and state motor fuel excise tax in the calculation.

3 Potential yields are based on an annual consumer price index of 2. 1 percent (15-year
average).

Source: MoDOT.

Financial Snapshot - November 2018

19

Transportation Facts

Potential Transportation Revenue Options-Sales Tax

Yield From Increasing Motor Vehicle Sales Tax

0.10%

0.25%

0.75%

1.00%

State (87.5%)

City (7.5%)

County (5%)

$10,707,639

917,798

611,865

$26,769,097

2,294,494

1,529,663

$80,307,291

6,883,482

4,588,988

$107,076,388

9,177,976

6,118,651

Total

$12,237,302

$30,593,254

$91,779,761

$122,373,015

Yield From Increasing General Sales Tax (Excludes Motor Vehicle Sales Tax)

0.10%

0.25%

0.75%

1.00%

State (100%)

City (0%)

County (0%)

$73,222,458

0

0

$183,056,145

0

0

$549,168,436

0

0

$732,224,581

0

0

Total

$73,222,458

$183,056,145

$549,168,436

$732,224,581

Yield From Increasing General Sales Tax (Includes Motor Vehicle Sales Tax)

0.10%

0.25%

0.75%

1.00%

State (98.2%)

City (1.1%)

County (0.7%)

$83,930,097

917,798

611,865

$209,825,242

2,294,494

1,529,663

$629,475,727

6,883,482

4,588,988

$839,300,969

9,177,976

6,118,651

Total

$85,459,760

$213,649,399

$640,948,197

$854,597,596

Source: Prepared by MoDOT based on fiscal year 2018 receipts.

Financial Snapshot - November 2018

20

Transportation Facts

Potential Transportation Revenue Options -Motor Vehicle and
Driver Licensing Fees and Alternative Fuel Decal Fees

Yield From Increasing All Passenger Car Fees

$5.00

$10.00

$25.00

$30.00

State (75%)

$14,191,372

$28,382,745

$70,956,862

$85,148,235

City (15%)

2,838,275

5,676,549

14,191,373

17,029,647

County (10%)

1,892,183

3,784,366

9,460,915

11,353,098

Total

$18,921,830

$37,843,660

$94,609,150

$113,530,980

Yield From Increasing All Truck & Bus Fees

$5.00

$10.00

$25.00

$30.00

State (75%)

$5,728,676

$11,457,352

$28,643,381

$34,372,057

City (15%)

1,145,735

2,291,471

5,728,676

6,874,412

County (10%)

763,824

1,527,647

3,819,118

4,582,941

Total

$7,638,235

$15,276,470

$38,191,175

$45,829,410

Yield From Increasing Driver Licensing Fees

$5.00

$10.00

$25.00

$30.00

State (75%)

$4,177,905

$8,355,810

$20,889,525

$25,067,430

City (15%)

835,581

1,671,162

4,177,905

5,013,486

County (10%)

557,054

1,114,108

2,785,270

3,342,324

Total

$5,570,540

$11,141,080

$27,852,700

$33,423,240

Yield From Increasing Alternative Fuel Decal Fees

10.00%

20.00%

30.00%

40.00%

State (75%)

$32,637

$65,276

$97,913

$130,551

City (15%)

6,528

13,055

19,583

26,110

County (10%)

4,352

8,703

13,055

17,407

Total

$43,517

$87,034

$130,551

$174,068

Yield From Converting All Passenger Car Fees from Horsepower to Miles per Gallon1

State (75%)

$-1,341,033

City (15%)

11,349,975

County (10%)

7,566,650

Total

$17,575,592

Notes:

1 Potential yields are based on a $24 base fee, an additional $6 per mile per gallon in excess of 29 miles
per gallon and a $210 fee for electrical and other non-motor fuel vehicles.

Source: Prepared by MoDOT based on Missouri Department of Revenue passenger car, truck and bus
registrations and driver license renewal information. Alternative fuel decal fee data is based on fiscal
year 2018 revenue received.

Financial Snapshot - November 2018

21

Transportation Facts

Potential Transportation Revenue Options - $100 million,
$250 million and $500 million

Yield from Increasing All Motor Fuel Excise Tax 1

2.5-Cents

6- Cents

12-Cents

State (70%)

$72,454,242

$173,890,181

$347,780,359

City (15%)

15,525,909

37,262,181

74,524,363

County (15%)

15,525,909

37,262,181

74,524,363

Total

$103,506,060

$248,414,543

$496,829,085

Yield From Implementing Sales Tax On Motor Fuel 2

1.0%

2.6%

5.2%

State (70%)

$68,143,705

$177,173,634

$354,347,269

City (15%)

14,602,223

37,965,779

75,931,557

County (15%)

14,602,223

37,965,779

75,931,557

Total

$97,348,151

$253,105,192

$506,210,383

Yield From Increasing Motor Vehicle Sales Tax

0.82%

2.05%

4.10%

State (87.5%)

$87,802,638

$219,506,596

$439,013,192

City (7.5%)

7,525,940

18,814,851

37,629,702

County (5%)

5,017,294

12,543,234

25,086,468

Total

$100,345,872

$250,864,681

$501,729,362

Yield From Increasing General Sales Tax (Excludes Motor Vehicle Sales Tax)

0.14%

0.34%

0.68%

State (100%)

$102,511,441

$248,956,358

$497,912,715

City (0%)

0

0

0

County (0%)

0

0

0

Total

$102,511,441

$248,956,358

$497,912,715

Yield From Increasing General Sales Tax (Includes Motor Vehicle Sales Tax)

0.12%

0.29%

0.58%

State (98.2%)

$100,716,117

$243,397,280

$486,794,563

City (1.1%)

1,101,357

2,661,613

5,323,226

County (0.7%)

734,238

1,774,409

3,548,817

Total

$102,551,712

$247,833,302

$495,666,606

Notes:

1 Potential yields are based on fiscal year 2018 net diesel gallons taxed of 1,040,084,353
and net gasoline and gasohol gallons taxed of 3,100,158,026.

2 Potential yields are based on the gasoline price per gallon of $2.65 and the diesel price
per gallon of $2.93 as reported in the August 10, 2018 Missouri Energy Bulletin. Yields
exclude federal and state motor fuel excise tax in the calculation.

Source: Prepared by MoDOT based on fiscal year 2018 receipts.

Financial Snapshot - November 2018

22

Transportation Facts

Potential Transportation Revenue Options - $100 million
and $250 million

Yield from Increasing All Passenger Car, Truck, Bus and Driver Licensing Fees

$15.50

$39.00

State (75%)

$74,703,658

$187,964,040

City (15%)

14,940,731

37,592,808

County (10%)

9,960,487

25,061,871

Total

$99,604,876

$250,618,719

Source: Prepared by MoDOT based on Missouri Department of Revenue passenger car, truck and bus
registrations and driver license renewal information.

Financial Snapshot - November 2018

23

MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION (MHTC)
Road and Bridge Funding - Summary

(Effective 7/5/2013)

Financial Snapshot - November 2018

24

'Requires certification by the Commissioner of Administration and the Missouri Highways and Transportation Commission.
Source: MoDOT

X

Missouri Department of Transportation

Financial Services Division

573.526.8106

www.modot.org

1-888-ASK-MODOT